Here is the synopsis of our sample research paper on Will Simplification and Certainly in a Taxation System Lead to Equity; Consideration of Hong Kong. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 11 page paper considers whether or not simplifying a taxation system to that there is a high level of certainty will result in equity. The tax system in Hong Kong is used as a basis for the study, with the application of theory. A theoretical discussion is included looking at flat and progressive tax systems are considered along with different perceptions of fairness before the theory is applied to the progressive tax system found in Hong Kong. The bibliography cites 12 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TEtaxequity.rtf
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Unformatted sample text from the term paper:
CERTAINTY AND EQUITY 4 3.1 WHAT IS EQUITY? 4 3.2 SIMPLICITY AND CERTAINTY 5 3.3 SIMPLICITY AND EQUITY 6 4. CONSIDERING THE HONG KONG TAX SYSTEM 10 4.1 RECOMMENDATIONS FOR HONG KONG 12 REFERENCES 13
1. Introduction The subject of taxation can be both complex and controversial. As society and commerce has developed the way in which taxation is in some countries levied has
become multifarious, not only as the sources of taxation revenues have increased, but as governments have sought to make the taxes politically acceptable and perceived as being fair and equitable.
It has been argued by some theorists introducing a simpler system of taxation will lead to increased certainty, and as result a greater level of equity. However, as Graetz (1997)
notes, there is a difference between actual equity and perceived equity, but simpler tax systems have to potential to increase certainty by increasing tax payer compliance. The questions is whether
or not this assertion is actually true, will simplified taxation systems really increase certainty, and as a result increase equity, or is the issue more complex? To consider a taxation
system of a developed economy; Hong Kong, is considered. To many observers this is an advantageous tax system for the tax payer, and as such it is likely to be
viewed as one of the most equitable, however, it is also a complex system, and as such if this relativity low taxations system, can be made more equitable by simplifying
it and increasing certainty the same then other complex tax systems may also have potential benefits. 2. Tax System in Hong Kong The taxation system in Hong Kong is
generally viewed as a low taxation system, there are no sales taxes, there is no capital gains tax, and stamp duties in the process of being phased out (Inland Revenue
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